user
Summarize a news article about the current state of the economy.

Input: https://www.marketwatch.com/story/americans-are-saving-more-in-may-than-at-any-time-in-decades-despite-record-unemployment-2020-06-03

Output:
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Recent data shows that despite record unemployment in the US, Americans are saving more money than ever. Personal savings rate hit 33%, the highest rate since the financial crisis in 2008, indicating that people are cautiously putting their money away for the future. Consumer spending is also declining, though at a slower rate than expected. As the unemployment rate reaches its highest levels of the last 50 years, it appears that households are preparing for an uncertain financial future.